Ethereum Price Analysis: ETH Continues To Bleed Below $108

ETH price struggled to settle above the $108 resistance area and declined recently against the US Dollar. There was a break below a key bullish trend line with support at $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading well below the $108 resistance and the 100 hourly simple moving average. Ethereum price failed to gain momentum and moved back in a bearish zone against the US Dollar and bitcoin. ETH/USD could revisit the $102 support area in the near term. Ethereum Price…

SWIFT Announces PoC Gateway With R3, but Remains Overall Hesitant About Blockchain

On Jan. 30, major global banking payments network SWIFT announced it plans to launch a proof-of-concept (PoC) of a gateway — titled GPI Link — that will allow blockchain software firm R3 to connect to SWIFT’s Global Payments Innovation (GPI) payments from its platform. Therefore, SWIFT has made another step toward adopting blockchain, despite having expressed concerns over the technology’s maturity in the past. However, SWIFT’s competitors have already voiced their concerns, saying that the new system is not decentralized enough. Brief introduction to SWIFT’s relationship with blockchain SWIFT is…

Twitter CEO Jack Dorsey Still Believes Bitcoin Will Be Internet’s Currency

Co-founder and CEO of Twitter Jack Dorsey declared again that he believes Bitcoin (BTC) will be the internet’s native currency. Dorsey made his comments during an interview with American comedian and podcast host Joe Rogan published on Feb. 2. During the interview, Dorsey stated: “[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.” The Twitter CEO had made a similar claim before, noting in mid-May 2018 that he sees Bitcoin as a choice for…

Litecoin, Binance Coin, Ripple, Bitcoin, Tron

Although Bitcoin (BTC) has managed to maintain its dominance throughout the bear market, we are seeing some major cryptocurrencies outperform it. This shows that the market has started to favor some coins and disregard the others. We believe that some cryptocurrencies might bottom out even before Bitcoin does. Due to that, it is necessary to be selective about coins if one wants to reap the benefits. When larger traditional investment firms and exchanges get ready to take the plunge, it is an indication of underlying demand. Therefore, we expect increased…

Bitcoin Hovers Over the $3,450 Mark as Top Cryptos See Slight Losses

Sunday, Feb. 3 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of half percent on the day, trading at around $3,476, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,594, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Top…

Analyst Finds Nvidia Earned $1.35 Billion More in Total Crypto Revenue Than Stated

This story has been updated with Nvidia’s decline to comment. Taiwan-based computer hardware producer Nvidia reportedly earned nearly $1.35 billion more due to crypto and blockchain than it had stated. The numbers were calculated by RBC Capital Markets analyst Mitch Steves, financial news website Market Insider reports on Jan. 31. Steves reportedly said in a note released on Jan. 30 that that according to his calculations, Nvidia generated about $1.95 billion in total revenue related to cryptocurrency and blockchain, noting that the official company’s statement said that it generated around…

CoinLab Increases Mt. Gox Claim from $75 Million to $16 Billion

CoinLab has reportedly filed a 1.7 trillion JPY ($16 billion) claim against the now-defunct cryptocurrency exchange Mt. Gox, according to an alleged photo of the filing document posted on Reddit on Feb. 1. As Cointelegraph reported in its Mt. Gox recap in March last year, in 2013, CoinLab, a former business partner of the exchange, sued the company for $75 million, claiming breach of contract. The contract stipulated that CoinLab would take over the American customers of Mt. Gox, but it never happened. Photograph of alleged CoinLab Mt. Gox claim. Source:…

Malta’s Regulatory Framework Attracts Crypto Players, but Int’l Watchdogs and Local Opposition Are Skeptical

Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media. Malta is renowned for its crypto-friendly politics, whose efforts in the field have earned it the moniker of “blockchain island.” However, its push for becoming the international crypto hub has attracted criticism from both global watchdogs and local opposition. Crypto-friendliness is one of the main priorities for the Maltese government On Jan. 24, the Times of…

Bitcoin Approaches $3,500 as Top Cryptos See Mixed Signals

Saturday, Feb. 2: most of the top 20 cryptocurrencies are reporting a mix of slight gains and losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down under half percent on the day, trading at around $3,489, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,604, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap…

US Securities Regulator Solicits Blockchain Analytics Companies for Data Review

The United States Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis, a statement issued by the agency revealed on Jan. 31. According to the statement, the SEC is trying to find businesses able to provide blockchain data to support its risk monitoring and compliance enforcement activity, as well as inform the commission about digital assets. Last month, the agency announced that cryptocurrencies are one of the its top examination priorities for the current year. According to the Jan. 31 statement, the agency expressed interest…